Chapter 162

Chapter 162 The reason Wall Street tycoons gathered

Abel originally wanted to greet Ikana and her daughter.

But tonight, at this reception.

Without a doubt, it is the most viewed.

He had just taken two steps when someone stopped him.

The man who blocked it was Richard Fuld. The two people did not know each other before.

The name Richard Fuld is very present on Wall Street.

He is one of the big four investment banks on Wall Street and is the CEO of Lehman Brothers.

Business Week once called Richard Fuld "the bulldog of Wall Street" and he is one of the famous tycoons of Wall Street.

"Hello, Mr. Smith. My name is Richard Fuld."

The CEO of Lehman Brothers is a white man with black hair. He is Italian-American and has led Lehman Brothers since 1994.

"Hello Mr. Fuld. My name is Abel Smith." Abel smiled and shook her hand.

Today's reception at Smith Capital invited CEOs from Wall Street's top investment banks and financial corporations. CEOs of four major investment banks were invited.

Dare to invite these four CEOs once, they will most likely come back.

This means that Abel is now in hot water and potatoes on Wall Street.

And tonight, Abel also used his trump card against Wall Street.

dare to do such a thing. Richard Fuld stands next to Bryn Bulley, chief financial officer of Lehman Brothers.

When Bryn Bulley was at the Hilton family party last time, Abel knew him.

Then came Smith Capital's first private placement.

It was Bryn Bulley who contacted Smith Capital on behalf of Lehman Brothers.

Of the $3 billion in private placement, Lehman Brothers had the fourth largest market share, with a total investment capital of $250 million. "Hello, Mr. Bully." Abel greets Bryn Bulley nearby.

The latter reacted quickly.

Among the CEOs of the four major investment banks, Richard Fuld is certainly the most authoritative person in the company.

Richard Fuld is here and Bryn Bulley doesn't have much right to speak.

It's the exact opposite of Merrill Lynch. Merrill Lynch CEO David Komansky doesn't have much power.

"Mr. Smith."

Wall Street Bulldog is as simple as its name suggests.

After a simple greeting, the Italian immediately asked a direct question.

"Smith Capital is certainly a successful company. Mr. Smith, you are a very successful investor."

"What a generous Mr. Smith."

"Is what you said in the invitation letter true?"

"You said you would run Smith Capital and share your success with Wall Street. Really?"

Richard Fuld's question is simple.

Pointing directly at the growing number of Wall Street giants, one of the most urgent recent ideas.

That's what it says. Invest in Smith Capital!

Actually, it's on Wall Street.

That's not too much to ask. Except for these small businesses, any major financial firm on Wall Street has one.

Behind them there is also a large number of shareholders.

Don't talk about the listed giants of the four major investment banks.

They have tens of thousands of shareholders and hundreds of them represent more than 0.1% of the shares.

Like Warren Buffett's Berkshire Hathaway, its individual shares are the most expensive in the world. But it also has thousands of shareholders.

He is the founder of Berkshire Hathaway and the person who controls everything in the company.

Buffett himself actually only owns 15.6% of Berkshire Hathaway's shares.

Wall Street's big four investment banks as well as other Wall Street giants all have similar opinions about Smith Capital.

Actually. There are two types of invitations for tonight's party.

One is the regular invitation, which is the type of invitation that most guests receive.

A different kind of solicitation, but it features Smith Capital, which is announcing its first round of funding tonight.

This is currently Abel's largest asset on Wall Street.

He even dared to invite many Wall Street giants at the same time. This is also why they think they should all come.

Richard Fuld is very selfish.

Other Wall Street giants, upon hearing the news, still wanted to remain polite.

Wait for Abel to notify you later and then contact.

"The Bulldog of Wall Street" directly represents Lehman Brothers A. Confront Richard Fuld with tough and very direct questions.

Abel is not angry either.

This problem is the result of his long thinking.

He knows whether he really wants to establish himself at the highest level of this country.

It is absolutely impossible not to share one's success with outsiders like the male protagonists in Chinese web novels. Regarding other giants wanting to buy shares of Smith Capital.

He knew in advance that such a day would come.

Unless you don't want to be big, unless you want to take on all of Wall Street alone.

If not, that day will come sooner or later.

What Abel can do is choose his allies and when and when those allies will join him. And in the process, master the greatest amount of autonomy and control.

The labor force is sometimes poor. On your own, you can become a billionaire, or even the richest person in the world.

But Abel felt alone.

If you want to establish a real corporation, it will be too difficult. From the beginning, I could assemble a large enough industry with money much easier than wind.

But later in management and development, it was definitely thanks to his ordinary business management ability.

In the end, the corporation gradually split because it could not control the entire corporation.

One involves hundreds of large companies, in several sectors and in several countries.

A large corporation has tens of millions of people. Just relying on the Founder's ability, if he wanted to manage well, he would not be able to replace Zhuge Liang.

Even if it was Zhuge Liang, in the end he didn't do his best and died of overwork in his fifties.

Looking back at the large corporations and chaebols that have emerged and formed.

Almost without exception, all are family run.

Then this ruling family will unite with many other wealthy families. These wealthy families would then influence and unite the upper families, and eventually control the entire corporation layer by layer.

Like Herbert's family, who almost won.

In Herbert's grandfather's generation, it was really just an average-sized Rockefeller family.

This is because Herbert and his son are more competitive, and father and son have grown their family.

A Rockefeller corporation is named Rockefeller, the main controller may also be Rockefeller. But those who share the power of the corporation, and at the same time contribute to the corporation, may have more than a dozen participating families behind them!

These families came together, united in their interests, and then, through marriage and other means, eventually formed a formidable alliance of interests.

Let's say that when Abel was reincarnated and first discovered his "talent", he had an unrealistic fantasy of ruling America.

After nearly a year as a capitalist, I have learned a lot about the internal history of this country.

He knew his previous fantasies were actually just illusions.

If you want to be alone in the world, unless you are a god among people. Possesses the extraordinary power of a superman that can crush the world.

Otherwise the people of the homeland will.

Otherwise, in the real world there are no supernatural powers.

The only way is to expand your family as much as possible.

Through your own family, unite with other powerful families. Under a strong alliance, expand your tentacles to the entire world.

In this way, the goal was achieved.

Stronger than Zulong.

Only the "survivors of Fen VI" and the talents of the powerful military families under his command were able to unite the six nations.

Without the ten marshals and other worthy people, the great man himself could not achieve greatness. Facing Richard Fuld's somewhat awkward question right now.

Abel smiled gently and said:

"Regarding this issue, my answer is that there is nothing wrong. I will inform you later."

"Smith Capital, any investor please join us and become a shareholder of the company."

"Smith Capital needs a strong ally!"

His answer made Richard Fuld's eyes light up.

"Hahaha ~ This is truly amazing. Lehman Brothers, agree to be Smith's ally!" Richard Fuld's voice became excited. His voice is strong.

This Wall Street bulldog has always been like that.

This caused him to receive much praise in the media.

But that also led to him working in the same industry, making many people feel uncomfortable.

Richard Fuld himself had not thought of it, so he asked this question. It is possible to get such a specific answer from Abel.

In the invitation letter, Smith Capital only mentioned one vague sentence.

"Hahaha ~ That's right, Smith Capital needs friends." Abel smiled.

These are the qualifications of these friends, stake percentage and other requirements.

It's up to me to decide. Abel thought.

"Ah~" Richard Fuld said in a slightly louder voice, with some enthusiasm: "This is truly the best news I have heard in the past month!"

A Wall Street giant, he was also one of Smith Capital's intermediaries.

Lehman Brothers is similar to investment banks such as Merrill Lynch and Goldman Sachs.

All is possible, thanks to the capital flow invested into the market by Smith Capital.

Preliminary speculation on Smith Capital's investment direction and profits. These giants have preliminary speculations on Smith Capital's investment returns over the past six months.

The reality is that among the giants, Smith Capital's estimated profits will vary slightly.

Indeed, for insurance purposes, Smith Capital's intermediary and underwriting banks will never be classified as just two or three banks.

At least a dozen banks are contacted each time, first to spread the risk, then to ensure the security of the investment.

Without exception, these giants have estimated Smith Capital's investment returns over the past six months. Unified, the amount is staggering.

Simply put, everyone can predict Smith Capital's earnings over the past six months to some degree.

And the predicted number will be different by several hundred million USD.

But the numbers they predicted were terrible, without exception.

Like Lehman Brothers, there are three estimates of Smith Capital's investment returns over the past six months. One costs $7.6 billion, the other costs $8 billion, and the remaining one costs $7.9 billion.

Whatever these numbers are, if they are true, Smith Capital could become the most profitable company on Wall Street this year.

Last year, the most profitable company on Wall Street was Goldman Sachs.

Goldman Sachs's net profit in its 1999 financial statements was $4.215 billion.

Compared to Goldman Sachs, Lehman Brothers' net profit last year was a pitiful billion dollars. in other words.

If this were Lehman Brothers, there would be no error in estimating Smith Capital's earnings over the past six months.

This means Smith Capital has made a profit in six months this year.

It exceeded the net profits of giants Lehman Brothers and Goldman Sachs combined for all of last year.

That's a staggering number. Initially, Lehman Brothers' leaders had a negative attitude toward this calculation.

But it was Lehman Brothers who did this calculation along with hundreds of traders, analysts and actuaries.

Thanks to Smith Capital, cash flow information from Lehman Brothers and other banks was available, they finally got the calculation results.

It took more than a week to calculate this number.

If things go wrong, or if the results vary too much. There is no need for hundreds of elite people like Lehman Brothers to exist.

Richard Fuld can only be skeptical about this.

With its mentality of killing mistakes rather than letting them pass, Lehman Brothers was like other giants.

All want to expand their tentacles within Smith Capital.

So investing in stocks is a good choice. Now that Abel has received "consent", Richard Fuld is of course very excited and happy.

That is if Smith Capital's profits are real and then Lehman Brothers becomes a shareholder.

This is equivalent to Lehman Brothers having one more cash cow and one more cash cow to follow!

Facing a slightly agitated Richard Fuld, Abel smiled.

Just kidding, Smith Capital will indeed accept investment, and it is right to accept allies.

That is also his trump card in tonight's reception. But Lehman Brothers' pitfalls will most likely be eliminated.

As one of the Big Four investment banks, Lehman Brothers is the most progressive of the four investment banks and the bank with the most mines.

The big four investment banks have very good businesses and do basically everything related to investing.

But there will also be biases, more targeted activities.

Like Merrill Lynch, the company has been more supportive of securities sales over the past two years;

Goldman Sachs likes to be a white knight;

Morgan Stanley favors large capital investments. Lehman Brothers after its third bankruptcy crisis in 1998.

Directed by Richard Fuld.

This investment bank has focused its development on issuing a large number of mortgage derivative financial products.

The advantage of doing this is that in just the last few years, the real estate sector in the US has developed very well and the domestic real estate sector is in a bull market.

This fed Lehman Brothers and made a lot of profits. So much so that it is currently in second place among the big four investment banks.

Taking advantage of the spring breeze of the real estate industry to make money is too easy.

Lehman Brothers developed an addiction to the road.

It will issue more and more mortgage financial derivatives each year.

If the real estate industry in America can continue to grow, of course it would be great if Lehman Brothers could do that. It is estimated that in a few years it will be able to reach number one in the United States.

But the real estate industry in America clearly cannot maintain its prosperous state forever.

When the bubble burst, Lehman Brothers, who had put his life aside, imagined the outcome

Abel decided that even if the time was right, he would accept Lehman Brothers' participation.

Its ownership ratio must also be the lowest.

But not Richard Fuld. Lehman Brothers is currently the proudest Chunfeng among the four major investment banks.

Richard Fuld thinks if Abel opens Smith Capital.

So Lehman Brothers will be able to take a bigger bite.

This of course made Richard Fuld very happy.

Her happy expression also attracted the attention of the guests at the reception who were already paying attention to this side. Many people speculate about how the "Wall Street Bulldog" benefits from the "Wolf of Wall Street."

With this guy's personality, he will definitely be very happy.

It's very curious.

Especially the special guests who received a special invitation tonight.

even more annoying. Many people were worried, the bravest person was Richard Fuld.

Have you ever eaten the fattiest piece of meat?

Wherever there are people worrying, there will be people taking action.

Chairman of Goldman Sachs, immediately after stepping off the elevator, Paulson, the future Secretary of the Treasury of the United States.

Seeing Richard Fuld smiling happily next to Abel. Paulson had a mental breakdown and immediately approached.

And a few meters away, he smiled and loudly extended his hand towards Abel:

"Mr. Smith, Mr. Smith! Hello, hello, my name is Christian Paulson! Nice to meet you!"

Compared to Richard Fuld's suddenness just now, Paulson's tone or attitude were not important.

He is so good that people who don't know him think he is an ordinary Goldman Sachs executive coming to attract investment.

MD, vice president. In investment banks, this is typically a more junior salesperson position.

But in reality, he is the CEO of Goldman Sachs. Among Wall Street, it is also one of the best to survive.

"Good morning." Abel stood still but also proactively smiled and extended his hand.

This scene caught the eyes of Ted Lena and Ikana in the distance. Ted Lena couldn't help but whisper to his daughter:

"Oh, he didn't move at all. And Paulson walked up and offered to shake his hand. Honey, your boyfriend is such a proud guy!"

Paulson served as a senior executive at Goldman Sachs before becoming CEO of Goldman Sachs. has a high reputation on Wall Street and belongs to one of the highest elite circles in New York.

Let's put it this way.

Currently, Ted Lener may not be able to get to Goldman Sachs headquarters to meet Paulson.

Not to mention appreciating Abel's treatment on a public occasion like this.

Ikana was also a bit surprised. She knows her boyfriend very well.

But I didn't expect him to be so strong that even a tycoon like Paulson would "be polite" like this.

There was Richard Fuld, the bulldog of Wall Street, before Paulson.

Two CEOs of four major Wall Street investment banks arrived.

"Look over there." Ikana suddenly said to her father Ted Lena:

"In the elevator, that person appeared to be Philip Purcell?" The person standing next to him seems to be David Komansky?

"Oh! The general manager of Morgan Stanley and Merrill Lynch are both here. Now the four major investment banks are here!"

Next to his daughter, Ted Lener fell silent.

The appearance of Richard Fuld and Paulson was shocking enough.

The CEOs of four major investment banks have all come, this is no longer simply surprising.

Ted Lener realized that tonight's reception would definitely not be that simple. There is profit only when these oligarchs appear together.

Today I went out and didn't return until after nine o'clock. There were only two teams in the evening, but tomorrow I will make up for it. In short, there will be four teams every day this month. Let everyone know so you don't have to stay up late waiting, you can watch it tomorrow morning or noon. (end of this chapter)